Understanding the economic role of City of Sydney provides a framework for understanding what policy responses and investment may be appropriate to support the growth of businesses and maintenance of a vibrant economy in the future.
The charts and table below give a broad overview of the role and function of your economy. It helps answer questions such as:
- How much of the City of Sydney's economy is driven by meeting the local population needs?
- What proportion of jobs in the area are in goods production or selling of products?
- In which broad sectors are the key strengths of the local economy?
- What contribution do business services make in your area and is it growing?
- Is there a presence of local, state and federal government workers in in the area?
Once you have developed a broad picture of your economy, you can then drill down further with all the detail here.
Employment composition | ||||||
---|---|---|---|---|---|---|
City of Sydney | 2022 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 681 | 0.1 | 793 | 0.1 | 348 | 0.1 |
Mining | 2,335 | 0.4 | 2,193 | 0.4 | 1,882 | 0.4 |
Goods related | 100,593 | 15.5 | 103,399 | 17.2 | 95,858 | 18.5 |
Household services | 123,113 | 19.0 | 134,636 | 22.4 | 113,622 | 22.0 |
Business services | 375,733 | 58.0 | 317,717 | 52.8 | 264,211 | 51.1 |
Public administration and safety | 45,411 | 7.0 | 43,426 | 7.2 | 41,116 | 8.0 |
Total Industries | 647,866 | 100.0 | 602,163 | 100.0 | 517,038 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2023. ©2023. Compiled and presented in economy.id by .id (informed decisions). Data are based on a 2020-21 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more. Please refer to specific data notes for more information |